This trade is also mostly based on the Monthly & Weekly RSI. Probably going to take profit fast if it does go down.
Trade: Short GBP/USD
Open Price:1.5970
Stop Loss: 1.6020
Reason(s): 1.6000 Area, Monthly & Weekly RSI pointing down
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 0.5%
Result: -50
Sunday, November 21, 2010
22/11/2010 Long USD/JPY [Cancel]
This trade is different from my previous trades where I will be taking the Monthly & Weekly RSI into consideration. I am going to test if the RSI is useful.
Trade: Long USD/JPY
Open Price: 83.74
Take Profit: 84.40
Stop Loss: 83.03
Reason(s): Daily Pinbar, Monthly & Weekly RSI pointing up, 83.50 Area.
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 1%
Trade: Long USD/JPY
Open Price: 83.74
Take Profit: 84.40
Stop Loss: 83.03
Reason(s): Daily Pinbar, Monthly & Weekly RSI pointing up, 83.50 Area.
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 1%
Thursday, November 18, 2010
18/11/2010 Long NZD/USD [Close]
Trade: Long NZD/USD
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%
Result: BE
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%
Result: BE
Tuesday, November 16, 2010
17/11/2010 Short GBP/CHF [Close]
Trade: Long GBP/CHF
Open Price: 1.5839
Take Profit: 1.5990
Stop Loss: 1.5710
Reason(s): Daily Pinbar, Price went through 1.5800
Caution: Weekly trendline, Weekly downtrend?
Risking: < 1%
Result: +129
Open Price: 1.5839
Take Profit: 1.5990
Stop Loss: 1.5710
Reason(s): Daily Pinbar, Price went through 1.5800
Caution: Weekly trendline, Weekly downtrend?
Risking: < 1%
Result: +129
Wednesday, October 27, 2010
28/10/2010 Short GBP/JPY [Close]
Trade: Short GBP/JPY
Open Price: 128.43
Stop Loss: 129.71
Reason(s): Daily Pinbar but not too perfect, Long term down trend
Caution: Previous bullish large candle, JPY Retail Sales new
Risking: < 1%
Result: -128
Open Price: 128.43
Stop Loss: 129.71
Reason(s): Daily Pinbar but not too perfect, Long term down trend
Caution: Previous bullish large candle, JPY Retail Sales new
Risking: < 1%
Result: -128
Tuesday, October 26, 2010
27/10/2010 Long AUD/USD [Cancel]
Trade: Long AUD/USD
Open Price: 0.9871
Stop Loss: 0.9804
Reason(s): Daily Uptrend, 4 Hour Pinbar
Caution: AUD CPI new coming up.
Risking: < 1%
Open Price: 0.9871
Stop Loss: 0.9804
Reason(s): Daily Uptrend, 4 Hour Pinbar
Caution: AUD CPI new coming up.
Risking: < 1%
Sunday, October 24, 2010
25/10/2010 Short GBP/USD [Close]
Taking this trade with a small position. Risking less than 1% of my account balance.
Trade: Short GBP/USD
Open Price: 1.5667
Stop Loss: 1.5761
Reason(s): Weekly Downtrend. Daily Pinbar. Daily Trendline Break.
Caution: 1.5600 - 1.5500 Area
Result: -94
Comment(s): Such a fast trade. Bad analysis for this trade.
Trade: Short GBP/USD
Open Price: 1.5667
Stop Loss: 1.5761
Reason(s): Weekly Downtrend. Daily Pinbar. Daily Trendline Break.
Caution: 1.5600 - 1.5500 Area
Result: -94
Comment(s): Such a fast trade. Bad analysis for this trade.
Tuesday, October 12, 2010
Monday, October 11, 2010
Sunday, October 10, 2010
11/10/2010 Short EUR/AUD [Close]
I'm taking this trade with quite a big stop loss. Will this be a bad decision?
Trade: Short EUR/AUD
Open Price: 1.4088
Stop Loss: 1.4383
Result: +216
Trade: Short EUR/AUD
Open Price: 1.4088
Stop Loss: 1.4383
Result: +216
Monday, September 27, 2010
28/09/2010 Long EUR/AUD [Close]
Going to take this trade based on the 4 hour time frame.
Trade: Long EUR/AUD
Open Price: 1.4019
Stop Loss: 1.3940
Result: +65
Comment: Same as my USD/JPY trade, I close this trade by mistake. I guess there will always be the next trade to look forward to.
Trade: Long EUR/AUD
Open Price: 1.4019
Stop Loss: 1.3940
Result: +65
Comment: Same as my USD/JPY trade, I close this trade by mistake. I guess there will always be the next trade to look forward to.
Sunday, September 26, 2010
27/09/2010 Long EUR/AUD [Cancel]
This trade is quite risky since it is against the major trend.
Trade: Long EUR/AUD
Open Price: 1.4094
Stop Loss: 1.3940
Trade: Long EUR/AUD
Open Price: 1.4094
Stop Loss: 1.3940
27/08/2010 Short USD/JPY [Close]
Trade: Short USD/JPY
Open Price: 84.00
Stop Loss: 85.50
Result: +69
Comment: I was thinking of putting my Stop Loss to 83.44 but i accidentally entered as Take Profit which made my trade close immediately with 69 pips. Same goes to my EUR/AUD trade. What a mistake. Oh well.. Probably was too tired from work.
Open Price: 84.00
Stop Loss: 85.50
Result: +69
Comment: I was thinking of putting my Stop Loss to 83.44 but i accidentally entered as Take Profit which made my trade close immediately with 69 pips. Same goes to my EUR/AUD trade. What a mistake. Oh well.. Probably was too tired from work.
Sunday, September 19, 2010
20/09/2010 Short AUD/JPY [Cancel]
Trade: Short AUD/JPY
Open Price: 80.09
Stop Loss: 81.40
Note(s): AUD/USD may be good for a short as well, but my GBP/USD trade is still going on, since EUR/USD co-relates with AUD/USD and GBP/USD, I do not want to take the risk of getting stuck in between, ie, Long GBP/USD, Short AUD/USD. But I may be wrong. AUD/USD chart:
Open Price: 80.09
Stop Loss: 81.40
Note(s): AUD/USD may be good for a short as well, but my GBP/USD trade is still going on, since EUR/USD co-relates with AUD/USD and GBP/USD, I do not want to take the risk of getting stuck in between, ie, Long GBP/USD, Short AUD/USD. But I may be wrong. AUD/USD chart:
Thursday, September 16, 2010
17/09/2010 Long GBP/USD [Close]
Trade: Long GBP/USD
Open Price: 1.5659
Stop Loss: 1.5528
Result: -131
Comment(s): Looks like I'm trading the wrong way; cutting winners, running losers. Got to work on that...
Open Price: 1.5659
Stop Loss: 1.5528
Result: -131
Comment(s): Looks like I'm trading the wrong way; cutting winners, running losers. Got to work on that...
Tuesday, September 7, 2010
08/09/2010 Long AUD/CAD [Close]
Trade: Long AUD/CAD
Open Price: 0.9569
Stop Loss: 0.9450
Result: +33
Comment(s): Doesn't feel good about this trade. But looks like it's going up again. Oh well..
Open Price: 0.9569
Stop Loss: 0.9450
Result: +33
Comment(s): Doesn't feel good about this trade. But looks like it's going up again. Oh well..
Wednesday, August 25, 2010
26/08/2010 Long GBP/CHF [Close]
Trade: Long GBP/CHF
Open Price: 1.5946
Stop Loss: 1.5821
Result: -125
Comment: Looks like a bad week to trade with all the big news coming out..
Open Price: 1.5946
Stop Loss: 1.5821
Result: -125
Comment: Looks like a bad week to trade with all the big news coming out..
Sunday, August 22, 2010
Thursday, August 19, 2010
20/08/2010 Short NZD/USD [Close]
Trade: Short NZD/USD
Open Price: 0.7046
Stop Loss: 0.7110
Result: Break Even (Moved stop loss to Break Even on Friday)
Open Price: 0.7046
Stop Loss: 0.7110
Result: Break Even (Moved stop loss to Break Even on Friday)
Wednesday, August 18, 2010
18/08/2010 Long EUR/CHF [Close]
Trade: Long EUR/CHF
Open Price: 1.3431
Stop Loss: 1.3358
Result: -73
Comment: Should have watch out the CHF Trade Balance news?
Open Price: 1.3431
Stop Loss: 1.3358
Result: -73
Comment: Should have watch out the CHF Trade Balance news?
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